Data | EFAMA

In the modern economy, data is increasingly becoming a strategic asset. This is particularly true for the asset management industry, where data forms the backbone of the daily activities and internal processes necessary to guarantee best practices in portfolio management.

Asset managers are major users of a variety of data, including market data, index data and, increasingly, ESG data. EFAMA advocates for, and seeks to support members’ access to, high-quality, standardised and comparable data at a fair price. EFAMA also encourages the creation of a well-structured, reasonably priced consolidated tape fed by all trading venues and systematic internalisers for all financial instruments.

Related policy positions

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Policy position

Data

11 January 2021

EFAMA's reply to ESMA's CP on the Guidelines on the MiFID II / MiFIR Obligations on Market Data

EFAMA welcomes this ESMA initiative and we agree with the conclusions in the ESMA Report that there is an overall need to strengthen the laws applicable to data in connection with the MiFIDII/MiFIR Review, aside the implementation of a Consolidated Tape . We consider that the draft Guidelines will further strengthen the MiFID level 1 and level 2 measures and will foster the establishment of a cost-based approach for market data procurement. Therefore, we would be in favour of turning the proposed guidelines into binding regulation.

Policy position

Data

Sustainable Finance

EU Taxonomy

Sustainability-related Disclosures (SFDR)

10 June 2020

Joint industry letter - Call for a centralized register for ESG data in the EU

Our associations are committed to supporting the transition to a more sustainable economy and
to tackling climate change that we consider a priority. We strongly support the EU objective of
transforming Europe into the first climate-neutral continent in the world by 2050 and are ready
to contribute as representatives of the financial sector.

Policy position

Data

Distribution ＆ Client Disclosures

10 February 2020

Joint Statement on Market Data Costs

Reasonable Market Data Costs Benefits the Real Economy

The fundamental function of a trading venue is to match buyers and sellers of securities at a price that balances supply and demand through transparent rules and processes. The sale of market data is a related but separate by-product of that primary function.

EFAMA publishes 2021 industry Fact Book - Report highlights key developments in the European fund industry in 2020

EFAMA has released its 2021 industry Fact Book.

The 2021 Fact Book provides an in-depth analysis of trends in the European fund industry, an extensive overview of the regulatory developments across 29 European countries and a wealth of data.

Policy Position

Capital Markets

Data

14 June 2021

Joint statement by EFAMA and EFSA on Consolidated Tape and market data costs

The appropriate construction, and conditions for the usage, of a Consolidated Tape

Press Release

Capital Markets

Benchmarks

Data

International agenda

09 June 2021

Key recommendations for fair benchmark data costs - EFAMA/ICSA Global Memo on Benchmark Data Costs

EFAMA (European Fund of Asset Management Associations) and ICSA (International Council of Securities Association) published today a Global Memo on Benchmark Data Costs, identifying the main challenges arising from the increased use of benchmark data over recent decades and the imposition of increasingly complex and ove